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Podcast: Martinka Consulting's Getting the Deal Done Podcast
Episode: Banking and Buy-Sell Loans - What the Golden Rule Really Means
Description: The Golden Rule - whoever has the gold (money) makes the rules.In most SMB buy-sell deals the bank has most of the money and, therefore, they make the rules. And like everything else in life, the rules aren't static.I go over:The main differences between conventional and SBA loans.What you can and can't do with an SBA loan.Why debt coverage is so very, very importantThe 5 C's of banking and why they've reappearedA bank president's opinion on a borrower putting up their home equityAll in non-technical (no bankese) language<...